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L9-10 16TH Street

L9-10 16TH Street

Owen Sound, ON

  • 33 sqft
  • Land
  • 941 days on market
$20,000,000

BIG BOX RETAIL AND HIGH DENSITY RESIDENTIAL DEVELOPMENT SITE. TRUNKLINE WATER AND SEWERS EXTENDED ACROSS REAR AND SIDES OF PROPERTY. 120 RESIDENTIAL CONDO'S AND NEW FRESHCO GROCERY STORE UNDER CONSTRUCTION AND NEW CATHOLIC HIGH SCHOOL TO BE BUILT ACROSS THE STREET WITH NEW SIGNALIZED TRAFFIC LIGHTS. U-HAUL MOVING AND STORAGE TO BE BUILT NEXT DOOR. PROPOSED ZONING IN OFFICIAL PLAN ' EAST CITY COMMERCIAL ' WHICH INCLUDES HIGH DENSITY RESIDENTIAL AND BIG BOX RETAIL DEVELOPMENT. CURRENTLY ZONED 8 ACRES C2-1 COMMERCIAL AND 25 ACRES M2-1 INDUSTRIAL = 33 ACRES. OVER 800 FEET FRONTAGE ON 16TH STREET ( HWY 26 ) AND 800 FEET FRONTAGE ON AN UNOPENED ROAD IN INDUSTRIAL PARK. ACROSS THE STREET FROM WALMART, HOME DEPOT, WINNERS, HOMESENSE, PRINCESS AUTO, BURGER KING, ETC. NUMEROUS NEW RESIDENTIAL SUBDIVISIONS BEING BUILT IN THIS AREA, DETAILED PROPERTY INFORMATION LOCATED IN THE ATTACHMENTS.

Listing Details

Taxes (2024)
$554
Originally Listed
$16,000,000
Listed
February 7, 2024

Price History

Utilities

Sewer
Sanitary+Storm Available

Location & Legal

Cross Street
HIGHWAY 26/20TH STREET
Zoning
C2-1 COMMERCIAL + M2-1 INDUSTRIAL
Occupancy
Vacant

Commercial

Business Type
Retail

Community

Postal area N4K

Population
28,975
Private dwellings
13,555
Median age
49.2
Average household size
2.2
Median household income
$69,500

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Owen Sound · last 12 months

Median sold price
$445,000
Homes sold
276
Median days on market
33
Sale-to-list price
96.3%

Based on 276 recorded sales of commercial properties in Owen Sound over the last 12 months.

Listed by

CENTURY 21 ATRIA REALTY INC.

Walk Score

38

Walk

41

Bike

Scores by Walk Score®

Commercial figures

Annual property tax
$554

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

R

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